Once-swanky downtown apartment building receives $5.7M makeover
The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.
Development/Redevelopment
Articles
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
Mainstreet Property Group cuts 12 workers in reorganization
The Carmel-based developer of senior care facilities did not provide any details about the job cuts or what positions were affected.
Irvington marketing firm buys building, prepares to exit lodge
The firm is rehabbing a commercial building in Irvington that’s been vacant for 30 years and saying goodbye to its longtime, idiosyncratic corporate home.
Former MLB player plans $6M training facility at Grand Park
The 65,000-square-foot-plus facility for Pro X Athlete Development would feature 44,000 square feet of open turf, full-length batting cages, weight room and golf simulators.
Indianapolis firm lands $3.5M-plus hospital demolition project
Eighteen companies tried to land the contract for demolition of the former Reid Hospital facility.
Habitat for Humanity plans 84-acre neighborhood
A Habitat for Humanity group is planning to build possibly hundreds of homes on an 84-acre site in Bloomington.
Developers propose $113M commercial project near I-65 in Whitestown
Plans from the two Indianapolis-area firms call for more than 2 million square feet of space in a development encompassing 170 acres.
East-side housing project part of city’s effort to retain teachers
Teachers’ Village in the St. Clair Place neighborhood will consist of 21 new or rehabbed houses priced below market, with the help of about $3.1 million in subsidies.
Former Angie’s List CEO seeks to buy company’s HQ campus
Bill Oesterle has assembled a group of local heavy hitters in hopes of purchasing the 17.5-acre site east of downtown, now that ANGI Homeservices Inc. has put it up for sale.
Buyer’s restoration of Saddlebrook Golf Course under way
Neighbors who raised $250,000 to help save the northwest-side course are set to gather early next month to celebrate the progress on the course.
Cummins’ Indy HQ captures annual Monumental Award
Cummins Inc.’s global distribution headquarters building in downtown Indianapolis took home the highest honor at the Indy Chamber's annual Monumental Awards gala Thursday night.
Apartment developer Milhaus lands $245M in equity investments
Milhaus said the capital infusion will help fuel its plan to build thousands of units over the next few years while retaining most of its existing portfolio.
Huge retail project along I-65 in Whitestown would be ‘game-changer’
The project, which could include nearly 1 million square feet of higher-end retail, would be developed by locally based Gershman Partners.
Colts seeking to expand their training complex
The Indianapolis Colts are planning to expand their training complex by adding a 32,000-square-foot addition and two practice fields, according to plans filed with the city.
Byrd’s in hand: Former Greenwood restaurant converting to multitenant ‘Nest’
The new owner of a landmark south-side eatery is renovating and dividing the 40,000-square-foot space to land retail and commercial tenants.
Angie’s List’s east-side corporate campus listed for sale
The 17.5-acre campus on East Washington Street is made up of 41 parcels with 25 buildings, 1,000 parking spaces and 190,000 square feet of office space. Parent company ANGI Homeservices would like to sell it to a single buyer if possible.
After overcoming abundance of obstacles, 360 Market Square nears completion
The $120 million building will become yet another signature structure in the new Market East district, a section of downtown that until recently featured a sea of parking lots and ramshackle buildings.
Developer’s plan for $20M office building on woodlands rejected
The Metropolitan Development Commission rejected a request from local developer Keystone Realty Group to rezone the site near Keystone at the Crossing to make way for a 60,000-square-foot office and retail building.